 "technicals")
BUY HDFCBANK
Target: Rs 1,625
Stop Loss: Rs 1,450
After the recent correction, HDFC BANK is hovering near the 61.8 per cent retracement level of the entire rally which started from Rs 1,400 to Rs 1,700. This support coincides with the gap area formed due to the merger news. Also the support zone is also the placement of Kijun from Ichimoku indicator. Hence there is a high probability that the stock might resume its uptrend. Thus, short term traders are advised to buy the stock in the range of Rs 1,515 - Rs 1,505 with a stop loss of Rs 1,450 for an
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